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ON Semiconductor's Earnings Just Broke Records: Here's the Trade

ON Semiconductor's Earnings Just Broke Records: Here's the Trade

ON Semiconductor released the firm's second quarter financial performance on Monday morning. For the three month period ending July 1st, ON Semiconductor posted adjusted EPS of $1.34 (GAAP EPS of $1.02) on revenue of $2.085B. While the adjusted EPS print was good for annual growth of 112.7% and the GAAP EPS print good for annual growth of 142.9%, the revenue print was not only good enough for a new record, but good enough for year over year growth of 25.1%.